Forum Credit Union Posts Double-Digit First Quarter Consumer Loan Growth

The Indiana credit union increased auto loans 39% over last year.

 
 

Lending at Forum Credit Union ($1.1B, Indianapolis, IN) is a likely foreshadow of industrywide credit union performance for the first quarter of 2015. Despite the slowing growth of the U.S. economy, consumer spending increased and credit unions posted elevated originations across all loan products.

Auto Loan Growth
Forum Credit Union | Data as of March 31
© Callahan & Associates | www.creditunions.com

Forum---Auto

Source: Peer-to-Peer Analytics by Callahan & Associates

As of March 31, 2015, Forum reported an annual increase of 39.4% and 243.0% for auto loans outstanding and credit card loans outstanding, respectively. In terms of dollar amount, auto loans increased $108 million during the period while credit card loans increased $10 million.

Credit Card Loan Growth
Forum Credit Union | Data as of March 31
© Callahan & Associates | www.creditunions.com

Forum---CC

Source: Peer-to-Peer Analytics by Callahan & Associates

 

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May 12, 2015


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